FHA issues COVID19 guideline changes

Posted Posted in Community information, Mortgage Knowledge

FHA issues COVID19 guideline changes in the latest Mortgage Letter in an effort to assist the mortgage industry in continuing operations. FHA is the latest agency to adjust its appraisal and employment verification guidelines as the chaos from the the COVID19 pandemic continues. With many states, such as California, issuing shelter in place orders, conducting […]

7 things you need to know about FHA loans

7 things you should know about FHA financing

Posted Posted in FHA Loans, Mortgage Knowledge

What are the seven things you should know about FHA financing? Let’s take a look. The number 1 thing you should know about FHA financing is that FHA loans only require 3.5% down payment. That means that it becomes much more affordable for those of you who may not have a lot of money saved […]

Major changes to fha loans

HUGE change to FHA refinances

Posted Leave a commentPosted in Buyer Tips and Advice, FHA Loans, Mortgage Knowledge

There is a HUGE change to FHA refinances coming this September 1st HUD released a statement on August 1st, 2019 detailing a huge change to FHA refinances effective with case numbers issued on or after September 1,2019. Up until now, FHA refinances have allowed homeowners to cash out up to 85% of their home’s value.  […]

Reverse Mortgages

Why Consider A Reverse Mortgage Loan?

Posted Leave a commentPosted in FHA Loans

Why? Because no matter what your needs may be, a reverse mortgage could be the solution. First, what is a reverse mortgage? A reverse mortgage is an FHA insured loan that allows eligible homeowners to “draw” from the equity either in a lump sum or on a monthly basis. I hope you found this quick […]

FHA Loans in San Diego

FHA Loans – The Good and The Bad

Posted Leave a commentPosted in FHA Loans, Mortgage Knowledge

FHA loans are a great tool to help homebuyers purchase or refinance a home. This week we will take a look at both the good and the bad of FHA Loans The Mortgage Minute is weekly informational series presented by Laura Borja, Your San Diego Home Loan Expert. What is an FHA loan? An FHA […]

The Mortgage Minute - FHA Streamline Refinances

The Mortgage Minute- FHA Streamline Refinances

Posted Leave a commentPosted in Buyer Tips and Advice, FHA Loans, Loan Progams, Mortgage Knowledge

The Mortgage Minute- FHA Streamline Refinances Welcome to this week’s The Mortgage Minute. This week’s topic is FHA Streamline Refinances The Mortgage Minute is weekly informational series presented by Laura Borja, Your San Diego home loan expert. An FHA streamline refinance allows you to refinance your current FHA loan without the need to income qualify, and […]